My client is a multinational conglomerate with annual revenues of $2.5 billion and growing 30% annually.
The newly created position of Financial Services Sector CFO is a highly visible role partnering with Sector EVP to use the Auto Financing Business (thousands of customers with hundreds of millions Loan Book as a base to both triple that business as well as use it as a ‘springboard’ into other Financing Services nationwide in other industries beginning with Commercial (Trucks) & Buses.
Key driver roles in:
- Financing.
- Hedging.
- Insurance.
- Risk management.
- Product development & underwriting support.
- Financial reporting.
- Internal control.
- Policies/procedures.
- Consolidations.
- All attendant analysis.
- Internal & External Auditor liaison.
- Insurance.
- Legal & special projects such as potential M&A & JVs.
- Business spin offs.
- Reorganisations.
- Shared services set-up.
- Developing and implementing financing (conventional; securitisation; Sukuk; term etc).
- Legal approaches to ensure Financial Services Group growth is financed.
- Structured and managed in an optimal.
- Risk controlled fashion and in line with overall Parent Group business financing strategies as well as all legal requirements.
- Liaise with the internal and external stakeholders including Business Heads, Government agencies, suppliers, lawyers, insurance companies, Consultants & Advisors, Internal & External Auditors.
Financing Sector experience with focus on Financing companies with large operating lease portfolios targeted at retail and commercial auto/truck markets.
Experience at managerial level (CFO, FD or Group Controller level – department, business unit, division, subsidiary, company etc) in an extensive multi site environment within a relevant organisation (Finance Company; relevant financing arm of a large industrial; relevant arm of a Bank etc) at unit level and Corporate level.
Arabic not mandatory, however relevant Middle East experience would be useful but not a deal breaker if other requirements met.
Hands-on approach, cultural awareness and business sensitivity will be essential.
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